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I want to talk about is trended credit reports. Fannie Mae has been working on trended credit reports for two years now. In the past when consumers make their payments on time and that is all that is recorded on their credit profile.

The repositories only recorded if the payment was on time, they did not record any other information. The repositories didn\\u2019t record how much consumers owed, what was the high credit, if they paid more than the minimum payment. This is what trended credit reports will include in the future.

Trended credit reports will create less fluctuations in credit scoring. Consumers will have a more consistent score although people who have a bad credit habits, will not be able to quickly turn it around. They will no longer be able to quickly improve their scores through paying down their credit utilization ratio right before they apply for a loan.

Trended credit reports will look more closely at how consumers really paid the past, not just before the application anymore and depending on the reporting date consumers could wind up hurting their score by paying their bills on the due date.